Wind News Offshore
Subsea Cables Account For Over 50 Pct Of Total Claims Spend In Offshore Wind – GCube Insurance
Combined market losses in offshore wind grew from GBP 124 million (around EUR 145 million) in 2010-2015 to GBP 500 million (around EUR 585 million) by 2020, with the average insurance claim nearly doubling from GBP 1.67 million (around EUR 2 million) to GBP 3.08 million (around EUR 3.6 million) in the same period, according to a new claims report titled from GCube Insurance.